Please Find Enclosed the Outcome of Board Meeting dated 27.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board approved audited standalone financial results for FY ended March 31, 2026. Total revenue declined to Rs 721.19 lakhs from Rs 803.93 lakhs in the prior year (~10% decline). Net profit after tax dropped sharply to Rs 2.95 lakhs from Rs 11.26 lakhs in FY2025. The auditors, M/s R K Bhalla & Co., issued a Qualified Opinion due to uncertainty over the valuation of a land parcel (currently valued at Rs 357.05 lakhs) that may fall under green belt or road widening area, making its fair value difficult to determine. The company also has interest-free related party loans (both given and received) classified as receivable/payable on demand. Exceptional items of Rs 10.08 lakhs represent BSE late fees and penalties. The Board also adopted several new policies including Related Party Transaction Policy, Whistle Blower Policy, and Risk Management Policy.
The qualified auditor opinion signals uncertainty around the company's land asset valuation, which could affect future financial statements if the land's classification changes. The sharp decline in profitability and related party transaction disclosures are concerns for shareholders.